Member Info for highroller

excellent summary J2nd

what on earth these 1 share trades

very close to tick up.

BOD can not buy any shares in a close period and when multiple news are imminent. e.g. they buy shares on Monday and release RNS on friday that permission granted for Brockham or lidsey producing, everybody will be claiming insider dealing.

the sp range equates to 3.5 pence (lower case) and 10p at the upper end on gas alone. and that is post tax, post overheads etc.Yet the doubters and AAAG will have you believe otherwise. balcombe will be a huge bonus. Its a question of how much.

I beg to differ. When a broker is employed by company to do a research note and publish estimates about the future, they are not liable. same applies to any PR. It is up to an investor to decide for themselves. This fact is applicable to all ,without exception.

Ocelot is not encouraging anyone to buy but expressing his/her opinion, just like everybody else. pointing out progress in the last few months is neither misleading nor a crime. what is actually misleading and criminal is the repeated bombardment of historic failures with certified prediction of repeating history.
Gas is coming online by the end of this November. balcombe EWT is around the same time. Brockham and Lidsey will produce too. Between those 4 production lines we may have good gas revenues and decent oil revenues. Bottom line is that all is coming to fruition. Nobody can guarantee how much gas and oil will flow but there are expectations. The exploration risk is everything will be below, at par or above expectations.
My speculation is that gas will flow as per CPR, balcombe will produce more than UKOG while brockham and lidsey will be average. Thats the punt.
Adequate funding and projects being completed is a huge positive. Crying on spilled milk is a waste of time. And angus never followed UKOG in issuing billions of shares. The SP should be above 2p ,irrespective of Riverfort loan which is now peanuts.

someone bought £75k worth of stock in a hurry. what do they know?

there is more chance of you regretting your sale. golden rule-run your profits and cut your losses. sometimes being too clever is not good!!!! wish I had liquidity to buy few here

its a sale of placing shares reported late

its inevitable. just ignore the noise. filter does wonders

could not agree more. please add-EWT at balcombe next quarter and SF works to be completed end November this year

A proportion of the issue proceeds of the New Loan Note will be immediately used to repay £250,000 of the outstanding £600,000 of the earlier Convertible Loan Note issued on 24 October 2019 led by Riverfort Global Opportunities PCC Limited (the "Convertible Loan Note"), and additionally the terms for conversion of the remaining £350,000 have been altered as follows. New repayment dates have been set at six equal monthly instalments between 24 May and 24 October 2020 and, if the Company elects not to pay an amount on the due date, that amount will become either convertible at any time as per the original terms or simply repayable at final maturity. Otherwise no amount may now be converted. 15,000,000 warrants have been granted to the noteholders at a strike price of 1 pence in exchange for waiving rights under their notes

what I am saying is that warrants will be exercised at 1p. the right of exercising warrants rests with Riverfort. nothing can be done about it. However, the loan amount will be repaid at 50k a month until its finished in the next few months.

repayments will continue as planned . Riverfort loan is peanuts now. They can exercise warrants worth £150k which clears the balance practically. expect the warrants to be exercised as the price crosses 1.5 pence. sf is fully funded. balcombe EWT is not that expensive. They are not drilling all over again. clear the drilling fluids and establish oil flow.Balcombe is firmly planned for the final quarter and so is sf works completion by November end. We may witness a huge rise in SP around Nov/dec based on potential and imminent revenues at that time.
Meanwhile, there is nothing stopping angus to raise bank loan capital secured on future gas revenues .banks are desperate to lend money and will lend/discount gas sales to shell ,a blue chip customer. The whole point of gas off take agreement is enable the company to obtain funding secured on future sales. Its a very common practice. GL knows what he is doing.
Fact is riverfort warrants will be exercised and in terms of cashflow its a zero sum game now. there will be no discounted share issue. my 2 cents

due to the spread, most of the buys have been reported as sells. all trades @.92 and above are buys. The rerating is yet to come. Gas off take agreement, balcombe application and full update on the SF project. we should be producing this Xmas.

that's a deferred tax asset.

add the gas off take agreement sometime soon this month and the sp will break previous highs. SF,balcombe are certainly not in the price. there is 3-4p upside here.

Answers are welcome but performance and delivery is imperative. tomorrow is July end and should have had Balcombe, gas offtake agreement and full operational update on gas project with firm deadlines. That is what was promised. Another slippage duly reflected in the share price. hopefully there is real progress going on the background and we may be bombarded by RNS after RNS confirming delivery of objectives. Q&A are good for interaction with investors but become worthless if there is no delivery.

somebody know something. trades for the past few days have tilted towards selling and yet bid is getting stronger. the company did say update end July/early august.